Guideline Value for Sairam Nagar

Sairam Nagar guideline value

The current guideline value of Sairam Nagar in Karanaipuducheri village is Rs 701 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Sairam Nagar has changed

The guideline value of Sairam Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. Following this, the 2023 revision saw a slight increase to Rs 700 per sq.ft, and the most recent 2024 revision established the current rate at Rs 701 per sq.ft, reflecting no change from the previous year.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023. However, from 2012 to 2017, it saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 701 per sq.ft.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 802 per sq.ft, placing Sairam Nagar's 2024 figure below this median.

• Sai Ram Nagar Extension-I: Rs 700 per sq.ft (2024)
• Sairam Nagar Extension - II: Rs 1,500 per sq.ft (2024)
• Sai Empire(350/10a3a,10b3a): Rs 1,200 per sq.ft (2024)
• Sai Empire(349/13,14): Rs 1,650 per sq.ft (2024)
• Sai Empire: Rs 1,650 per sq.ft (2024)
• Sakthi Vinayagar Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sairam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value would be Rs 7,01,000. The stamp duty at 7% would amount to Rs 49,070, while the registration fee at 2% would be Rs 14,020, resulting in a total cost of Rs 63,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sairam Nagar?

The Sairam Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Karanaipuducheri

The guideline value plays a crucial role during the registration of property transactions in Karanaipuducheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This process helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sairam Nagar?

The current guideline value of Sairam Nagar is Rs 701 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 701 per sq.ft in 2024.

What is the land classification of Sairam Nagar?

Sairam Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Sairam Nagar?

For a property valued at Rs 7,01,000, the stamp duty would be Rs 49,070 and the registration fee would be Rs 14,020, totaling Rs 63,090.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.